The Golden Contradiction: A Marxist Theory of Gold : with Particular Reference to South AfricaThis is a work of political economy which explains how the traditional constancy of gold came to give way to a daily-fluctuating gold price. The fixed gold price is radically re-examined while the reverence of the gold standard system is challenged. The book looks at the gold producing labour, including the Wild West gold digger and the origins of apartheid in South Africa. |
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Page 118
... nineteenth century , virtually all production had been set on an industrial footing , mining remained pre - industrial . Only in the final third of the nineteenth century did mining become mechanised . This means that whereas for most ...
... nineteenth century , virtually all production had been set on an industrial footing , mining remained pre - industrial . Only in the final third of the nineteenth century did mining become mechanised . This means that whereas for most ...
Page 134
... nineteenth century , one may speak of a placer period , followed by an amalgamation period , in gold - production.31 Finley identifies a further , ' cyanide and smelting period ' starting in 1890. This further identification , though ...
... nineteenth century , one may speak of a placer period , followed by an amalgamation period , in gold - production.31 Finley identifies a further , ' cyanide and smelting period ' starting in 1890. This further identification , though ...
Page 140
... nineteenth century . Electric mine locomotives were introduced in about 1879 . By the mid - twentieth century , this procedure had been mechanised to the extent that a skip was being filled in three to four seconds . From the mid - ...
... nineteenth century . Electric mine locomotives were introduced in about 1879 . By the mid - twentieth century , this procedure had been mechanised to the extent that a skip was being filled in three to four seconds . From the mid - ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
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Common terms and phrases
abstract labour amalgamation amount average becomes black workers capitalist Chamber of Mines character circuit of capital commodity competition concrete labour consumption contradiction cost diamond Duncan Innes emph exchange value expression factors of production financial markets fixed price gold as money gold mines gold production goldmining capital goldmining industry hence human labour ibid increase individual Innes Johannesburg Johnstone joint stock capital labour force lode London Marx Marx's means of production measure of value metals miners money-commodity monopoly native nature necessary labour-time nineteenth century Onselen paper currency particular use-value placer mining political economy productivity of labour proletarianisation quantity of gold Rand reduced relation remains role shafts silver slavery social capital social form South African goldmining standard of price superexploitation surplus surplus labour surplus-value thesis Ticktin Trewhela unit value of gold value of labour-power values of commodities wages wealth Williams Witwatersrand workforce